OKX Applies to SEC to Launch Tokenised Stock Trading Platform
OKX has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a tokenised stock trading platform.
OKXICE, a joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE), has notified the U.S. SEC that it plans to launch a tokenised stock trading venue, former New York Gov. Andrew Cuomo, the venture’s co-chair, announced on X.
The Exchange seeks to become one of the first major cryptocurrency exchanges to leverage new U.S. regulations allowing publicly traded company stocks in digital form to be traded on crypto platforms.
The platform plans to apply to provide tokenised stock trading services for 63 NYSE-listed companies. Under the SEC’s new framework, relevant issuers have 30 days to opt out, after which tokenised stock trading can commence.
Last month, the SEC, under a temporary exemption framework, paved the way for blockchain securities to be traded in the United States; the related digital assets must include full shareholder rights such as dividends and voting rights.
The launch timing of OKXICE’s platform depends on the end of the 30-day opt-out period and the implementation of other requirements. UK FCA Secures Money Back for Victims of Crypto Fraud
